AfDB Approves USD 40 Million loan to Ethiopian Airlines

Tunis, 23 March 2011 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, 23 March 2011 in Tunis, a USD 40-million second lien corporate loan to Ethiopian Airlines to support the purchase of five Boeing 777-200LR passenger jets. As part of the Ethiopian Airlines’ investment plan for 2010-2018, the aircraft will......

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Aircraft News by ATW - February 15, 2011

South African Airways took delivery of its first of six Airbus A330-200s this week. The aircraft will replace its current A340-200 fleet.

Ethiopian Airlines took delivery of its third new Boeing 777–200LR on Jan 28. ET will take delivery of......

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Ethiopian Airlines receives new Boeing 777-200LR

Ethiopian Airlines has expanded its fleet by taking delivery of a new aircraft. The Boeing 777-200LR arrived at the Addis Ababa Bole International Airport last Friday (January 28th) and will be the company's third plane of this kind.

It will be used to carry passengers from Seattle and Washington and is part of Ethiopian Airlines'......

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Ethiopian gets financing for Boeing 777

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Ethiopian Airlines has taken delivery of the first of five Boeing 777-200LR aircraft arranged by Citi and guaranteed by the US Export-Import Bank. The aircraft, ordered in 2009, was delivered in November. The remaining four aircraft are scheduled to deliver......

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ETHIOPIAN KEEN FOR 777F, BUT SUPPLY SHORT

ETHIOPIAN Airlines is in negotiations with Boeing over plans to acquire 777 freighters. Outgoing Ethiopian chief executive officer, Girma Wake, said that demand for the freighter type was so high, however, that it was unlikely the airline would be able to buy the aircraft it needed.

“We may not be able to get the 777 freighter aircraft from Boeing but......

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Boeing Delivers Its 900th 777 Airplane to Ethiopian Airlines

EVERETT, Wash., Nov. 17, 2010 /PRNewswire/ -- Boeing (NYSE: BA) delivered its 900th 777 airplane today to Ethiopian Airlines. The airplane is the ultra-long-range Boeing 777-200LR (long range) Worldliner, and is the first of......

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Ethiopian prepares for 777-200LRs and 787s

Ethiopian Airlines is preparing to take delivery of its first Boeing 777, a -200LR that will be used on long-haul routes ahead of the introduction of Boeing 787s.

Ethiopian chief executive Girma Wake says the first of five 777-200LRs the carrier has on firm order will be delivered in November. A second 777-200LR will arrive in December, followed by a third in......

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Ethiopian and the US Export-Import Bank Sign $1.6 Billion Agreement

Ethiopian Airlines and the Export-Import Bank (Ex-Im Bank) of the United States have signed an agreement worth over $1.6 billion to support the financing of five B777-200LR and ten B787-8 aircraft and General Electric spare engines.

At a ceremony held at the 9th African Growth and Opportunity Act (AGOA) Forum in Washington DC on August 02, 2010, the financing documents were signed by Ethiopian Airlines CEO Girma Wake and Ex-Im Bank Chairman and President Fred P. Hochberg. The magnitude of the transaction represents......

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Kuwait's Alafco to lease seven Boeing aircraft

July 6 (Reuters) - Kuwait's Aviation Lease and Finance Co (ALAF.KW) (Alafco) said it agreed to lease seven Boeing (BA.N) aircraft to Ethiopian Airlines [ETHA.UL], China's Okay Airways and Russia's Transaero Airlines.
Ethiopian Airlines and Okay Airways will each lease three new......

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Ethiopian orders 10 737-800s, launches West African airline

Ethiopian Airlines CEO Girma Wake yesterday announced that the carrier placed orders for 10 737-800s this month while achieving a long-sought objective to create a West African hub with the launch of ASKY Airlines, a Lome-based carrier operating a pair of 737s leased from ET.
First flights for the new airline on Jan. 15 were from Lome to Abidjan and Banjul (ATWOnline, Dec. 9, 2009)......